"If we’re going to issue debt to buy super speculative assets that have no use today, have never had a use, but some evangelists claim will solve all of our society’s problems, why stop at crypto? How about a strategic Powerball ticket reserve?"
"If we’re going to issue debt to buy super speculative assets that have no use today, have never had a use, but some evangelists claim will solve all of our society’s problems, why stop at crypto? How about a strategic Powerball ticket reserve?"
Consequences: worse investment climate, higher risk premia, (likely) higher interest rates...
Consequences: worse investment climate, higher risk premia, (likely) higher interest rates...